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As World Braces For US-China Trade War Fireworks, This Is How One Bank Is Trading The Coming Conflict
On Friday there was a startling escalation in the trade and tech war between the US and China, when the Trump administration moved to block global chip supplies to blacklisted telecom equipment company Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment. The rule change was designed to be a major blow to Huawei, the world’s no. 2 smartphone maker, and to disintermediate the Chinese telecom conglomerate from global supply chains. image The escalation was preceded one day earlier by Trump warning that he could "cut off the whole ... (full story)
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Beware of robber banks (RB), bad advisors.
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